15.5 C
New Delhi
Friday 13 December 2019
Economy India will become USD 5 trillion economy by 2024:...

India will become USD 5 trillion economy by 2024: Mukesh Ambani

New Delhi: Indian economy will double to USD 5 trillion by 2024, and the country’s rise will be higher than China’s by the middle of 21st century, Reliance Industries Chairman and India’s richest man Mukesh Ambani said today.

At the HT Leadership Summit here, Ambani recalled that he in 2004 had predicted about India, then a USD 500-billion economy, hitting USD 5 trillion in 20 years.

“Today, that prediction seems certain. Indeed, it will be achieved well before 2024,” he said.

India’s GDP size is nearly USD 2.5 trillion and ranks sixth in the world.

“Can we triple it to USD 7 trillion in the next 10 years and become the third-largest economy in the world? Yes, we can. Can we cross the USD 10-trillion mark by 2030, and close the gap between India and China, and India and USA? Yes, we can,” he added.

Ambani was optimistic that India can become more prosperous than the US and China within this century.

“I believe that the coming three decades will be the defining decades for India. By the middle of 21st century, India’s rise will be higher than China’s. And more attractive to the world,” he said.

According to Ambani, India will provide a superior and different developmental model that will create equitable and inclusive growth.

Subscribe to our newsletter

You will get all our latest news and articles via email when you subscribe

The email despatches will be non-commercial in nature
Disputes, if any, subject to jurisdiction in New Delhi

Leave a Reply

Opinion

Justice That Is Instant Is Travesty

But neither the state nor society can wash their hands off this social craving for settling scores in the name of doing justice to the victim

Karnataka Voters Punished INC, JDS Leaders

Even the BJP was not confident of the result even as their leaders kept saying for public consumption they were winning all the 15 seats

The United States Of The World

The United States, stereotyped as the land of plenty and plentiful guns, is still a destination of choice for people from across the world

प्याज़ के आँसू न रोएँ — महंगाई से किसान, उपभोक्ता दोनों को फ़ायदा

जिस अल्प मुद्रास्फीति की वजह से वे सरकार से बहुत खुश थे, उसी 1.38 प्रतिशत की खाद्यान्न मुद्रास्फीति के कारण किसानों को अपने पैदावार के लिए समुचित मूल्य नहीं मिल रहे थे

CAB Can Correct Wrongs Of NRC

… if the government can fix the inept bureaucracy and explain what happens to those marked as aliens, as the neighbours are not taking them back
- Advertisement -

Elsewhere

India responds to Pakistani take on CAB late, but how!

India responded also to Bangladesh foreign minister's cancellation of India visit, but this response was measured and reconciliatory

Ayodhya verdict: SC dismisses all 18 review petitions

The rejection of the review petitions has removed the last hurdle in building the Ram temple Hindus have been promised in Ayodhya

Hanging Nirbhaya case convicts: The procedure

What happens on the day designated for execution by hanging at Tihar: From waking the convict up at 5 AM to issuing of the death certificate

Indian citizens now: Pre-2015 non-Muslim refugees from Pakistan, Bangladesh, Afghanistan

'Modi government trusts the Constitution of the country and I assure you that this country will never be Muslim-free,' Shah said, however, allaying the fears of the largest minority community in India

CAB: Assam erupts, curfew in Guwahati, internet blocked

A student protesting against CAB called the Sonowal government 'barbaric'; until CAB is withdrawn, the demonstrators won't yield, he said

You might also likeRELATED
Recommended to you

For fearless journalism

%d bloggers like this: